Turkey: Grain and Feed Update
Link to report:
Owing to improved weather conditions, grain production in Turkey in marketing year (MY) 2022/23 is projected to increase year-over-year to 17.3 million metric tons (MMT). Wheat, barley, corn, and rice production are individually projected higher from last year which was hit by intense dry weather. Turkey will continue importing large volumes of grain in MY 2022/23, a sizeable portion of which will either be transshipped or re-exported as a processed product, like flour or pasta. In order to stabilize domestic market conditions and reduce rising food inflation, the Turkish Grain Board (TMO) is purchasing domestic wheat and barley and later re-selling the grain at a discount. At the same time, TMO recently published separate tenders to procure about 500,000 MT of imported barley and 500,000 MT of imported milling wheat.